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What is Around the Web?
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  • Mon, Jan 22 2018
  • 4:55 PM » End of ECB's Bond-Buying Program Seen Closer
    Published Mon, Jan 22 2018 4:55 PM by Bloomberg
    Bloomberg End of ECB's Bond-Buying Program Seen Closer Bloomberg Economists brought forward their estimate of when the European Central Bank will set an end-date for its bond-buying program, as more optimistic views on inflation appear to be gaining sway among policy makers. While no action is expected at the ... and more »
  • 4:54 PM » China's Housing Market Is Like a Casino. Can a Property Tax Tame It?
    Published Mon, Jan 22 2018 4:54 PM by www.nytimes.com
    Officials appear to be warming to the idea of imposing the country's first national tax on homes to cool a market subject to wild booms and busts.
    Click Here to Read the Full Article

    Source: www.nytimes.com
  • 3:32 PM » A copy of Trump's infrastructure plan just reportedly leaked — here's what's in it
    Published Mon, Jan 22 2018 3:32 PM by CNBC
    Half of the appropriations will go toward an incentives program providing grant money to state, and local entities.
  • 2:24 PM » A rent-to-own offer on your house may deserve a second look
    Published Mon, Jan 22 2018 2:24 PM by CNBC
    If you're having no luck with selling your house and are approached with a rent-to-own proposition, it might be worth considering.
  • 2:24 PM » Senators strike deal to end government shutdown
    Published Mon, Jan 22 2018 2:24 PM by Reuters
    WASHINGTON (Reuters) - U.S. senators struck a deal on Monday to lift a three-day government shutdown and try to end a fight between Democrats and President Donald Trump's Republicans over immigration and border security.
  • 12:22 PM » Phoenix Real Estate in December: Sales up slightly, Inventory down 13% YoY
    Published Mon, Jan 22 2018 12:22 PM by Calculated Risk Blog
    This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (table below): 1) Overall sales in December were up 0.7% year-over-year (including homes, condos and manufactured homes). 2) Active inventory is now down 12.6% year-over-year.   More inventory (a theme in most of 2014) - and less investor buying - suggested price increases would slow in 2014.  And prices increases did slow in 2014, only increasing 2.4% according to Case-Shiller. In 2015, with falling inventory, prices increased a little faster.  Prices were up 6.3% in 2015 according to Case-Shiller. With flat inventory in 2016, prices were up 4.8%. This is the fourteenth consecutive month with a YoY decrease in inventory, and prices are rising a little faster in 2017 (4.9% through October or 5.9% annual rate). December Residential Sales and Inventory, Greater Phoenix Area, ARMLS   Sales YoY Change Sales Cash Sales Percent Cash Active Inventory YoY Change Inventory Dec-08 5,524 --- 1,665 30.1% 53,792 1 --- Dec-09 7,661 38.7% 3,008 39.3% 39,709 -26.2% 1 Dec-10 8,401 9.7% 3,939 46.9% 42,463 6.9% Dec-11 7,843 -6.6% 3,635 46.3% 24,712 -41.8% Dec-12 7,071 -9.8% 3,211 45.4% 21,095 -14.6% Dec-13 5,930 -16.1% 2,053 34.6% 25,511 20.9% Dec-14 6,475 9.2% 1,893 29.2% 25,052 -1.8% Dec-15 6,756 4.3% 1,617 23.9% 23,053 -8.0% Dec-16 7,154 5.9% 1,655 23.1% 22,388 -2.9% Dec-17 7,204 0.7% 1,626 22.6% 19,570 -12.6% 1 December 2008 probably includes pending listings
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 12:09 PM » Senators have enough votes to end government shutdown: NBC
    Published Mon, Jan 22 2018 12:09 PM by CNBC
    The agreement will provide short-term funding for the government.
  • 11:23 AM » U.S. economy to grow nearly 3 percent in 2018 because of Trump tax cuts, IMF says
    Published Mon, Jan 22 2018 11:23 AM by Washington Post
    IMF projects more growth - but warns of problems ahead
    Click Here to Read the Full Article

    Source: Washington Post
  • 11:06 AM » Tax Law Erodes Historic-Building Credit, Threatening Some Projects
    Published Mon, Jan 22 2018 11:06 AM by www.realtor.com
    The new U.S. tax law has eroded the value of an incentive that developers have long used to help finance renovations of historic buildings around the country, raising worries about the prospects for future projects. The post Tax Law Erodes Historic-Building Credit, Threatening Some Projects appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 10:33 AM » Lowe's to rocket 20% with 'radically more positive' outlook after tax cuts: Bernstein
    Published Mon, Jan 22 2018 10:33 AM by CNBC
    Lowe's stock is set to pop 20 percent in the next year as America's obsession with homes swells under Republican tax cuts, according to Bernstein.
  • 10:02 AM » Chicago Fed "Index Points to a Pickup in Economic Growth in December"
    Published Mon, Jan 22 2018 10:02 AM by Calculated Risk Blog
    From the Chicago Fed: Index Points to a Pickup in Economic Growth in December Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved up to +0.27 in December from +0.11 in November . Two of the four broad categories of indicators that make up the index increased from November, and three of the four categories made positive contributions to the index in December. T he index's three-month moving average, CFNAI-MA3, ticked down to +0.42 in December from +0.43 in November . emphasis added This graph shows the Chicago Fed National Activity Index (three month moving average) since 1967. Click on graph for larger image. This suggests economic activity was above the historical trend in December (using the three-month average). According to the Chicago Fed: The index is a weighted average of 85 indicators of growth in national economic activity drawn from four broad categories of data: 1) production and income; 2) employment, unemployment, and hours; 3) personal consumption and housing; and 4) sales, orders, and inventories. ... A zero value for the monthly index has been associated with the national economy expanding at its historical trend (average) rate of growth; negative values with below-average growth (in standard deviation units); and positive values with above-average growth.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 9:01 AM » One-Person Construction Trade Firms
    Published Mon, Jan 22 2018 9:01 AM by eyeonhousing.org
    From the trough of the housing downturn in 2010 through 2015, the number of homes under construction increased by 131 percent and the number of employees working in construction trade businesses increased by 18 percent. Over that span, how much would you guess the number of one-person construction trade firms increased? The answer, believe it or not, is not at all. ... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 8:09 AM » This Rare Bear Who Called the Crash Warns Housing Is Too Hot Again
    Published Mon, Jan 22 2018 8:09 AM by Bloomberg
    Bloomberg This Rare Bear Who Called the Crash Warns Housing Is Too Hot Again Bloomberg A real estate agent removes an "Open House" sign displayed in the front yard of a home for sale in Columbus, Ohio. Photographer: Ty Wright/Bloomberg. When real estate investors get this confident, money manager James Stack gets nervous. U.S. home ... and more »
  • 8:08 AM » Few Signs Of Progress As Partial Government Shutdown Enters Second Day
    Published Mon, Jan 22 2018 8:08 AM by www.npr.org
    The two sides spent Saturday digging in and getting their message out even as the president remained in Washington, D.C., over the weekend and the House and the Senate were both in session.
  • 8:06 AM » Earnings dominate the week ahead, but interest rates could be a big deal after bond market crushing
    Published Mon, Jan 22 2018 8:06 AM by CNBC
    Earnings news could help boost stocks in the coming week, but a bigger story may be the move higher in bond yields.
  • 8:05 AM » Stocks shrug off U.S. shutdown, dollar dips
    Published Mon, Jan 22 2018 8:05 AM by Reuters
    LONDON (Reuters) - World stocks and U.S. bond markets on Monday shrugged off a government shutdown in Washington, although the dollar pulled back as the euro continued its strong start to the year.
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